Enviva Partners (NYSE:EVA) had its price objective trimmed by Royal Bank of Canada to $33.00 in a research note issued to investors on Monday. The firm currently has an outperform rating on the energy company’s stock.
A number of other research analysts have also commented on EVA. Zacks Investment Research lowered Enviva Partners from a buy rating to a hold rating in a research note on Tuesday, April 24th. ValuEngine lowered Enviva Partners from a buy rating to a hold rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $32.33.
Shares of NYSE EVA opened at $29.90 on Monday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.04 and a quick ratio of 0.65. The firm has a market capitalization of $773.37 million, a P/E ratio of 26.44 and a beta of 1.01. Enviva Partners has a one year low of $29.55 and a one year high of $29.90.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 15th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 8.36%. This is a boost from Enviva Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, May 14th. Enviva Partners’s dividend payout ratio is 409.84%.
In other Enviva Partners news, Director Holdings Lp Enviva sold 1,265,453 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $26.72, for a total value of $33,812,904.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of large investors have recently made changes to their positions in the business. Bard Associates Inc. grew its position in Enviva Partners by 28.5% in the first quarter. Bard Associates Inc. now owns 15,339 shares of the energy company’s stock valued at $420,000 after acquiring an additional 3,400 shares during the period. California Public Employees Retirement System grew its position in Enviva Partners by 13.6% in the third quarter. California Public Employees Retirement System now owns 31,007 shares of the energy company’s stock valued at $916,000 after acquiring an additional 3,707 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Enviva Partners by 21.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 27,508 shares of the energy company’s stock valued at $754,000 after acquiring an additional 4,808 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Enviva Partners by 15.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 48,377 shares of the energy company’s stock valued at $1,338,000 after acquiring an additional 6,420 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Enviva Partners in the fourth quarter valued at $220,000.
Enviva Partners Company Profile
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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